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Transocean to acquire Songa Offshore

Transocean has agreed to acquire the entire share capital of Songa Offshore , under a transaction estimated at around $3.4 billion.
The combination of Songa Offshore and Transocean is a strategic fit,” said Frederik W. Mohn, chairman of Songa Offshore. “By adding Songa Offshore's Semi-Submersible Oil Rigs (SSDR) to Transocean’s existing harsh environment fleet, the combined company will be the leader within this segment which is showing signs of recovery.”


Transocean CEO Jeremy Thigpen added: “The acquisition will strengthen Transocean’s position as the leading offshore driller with exposure to deep- and harsh-water markets. Upon closing, Transocean will add four high-specification harsh environment floaters, in addition to three legacy mid-water harsh environment rigs…”
Assuming shareholder approval for the transaction, Mohn will be nominated to serve as director on the Transocean board.



Image of Drillship SONGA SATURN with IMO 8109589 back to 27th August, 2010 - www.maltashipphotos.com 


Image of ssdr TRANSOCEAN AMIRANTE with IMO 8752582 berthed at Parlatorio Wharf, Palumbo Malta Shipyard Ltd next to ssdr NOBLE PAUL ROMANO with imo 8756265 back to 20th April, 2014 - www.maltashipphotos.com


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